Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: john dodson who wrote (5067)	2/19/1998 6:34:00 PM
From: Mark Reier	Respond to of 8193

John, I do have a position in Cirrus, and far as I'm concerned, it is because of Mr. Teo. But I would not call this "reckless speculation". I have known Mr. Teo for a number of years and he has made me excellent money on two other stocks that he was/is heavily involved in, Citizens First Bank Corp. and Musicland. Citizens First was eventually sold to Natwest, and then Fleet Bank. Mr. Teo took a huge position in Citizens and was eventually appointed to the board. I believe that he still sits on the board of Fleet Bank. On that deal alone Mr. Teo made around a 1,000% return in four years. I'm not saying that people should buy Cirrus because Alfred Teo is, but for me his track record is 2 for 2 so I'll stick with him. I believe that he has no motivation for buying Cirrus other than the belief that it will eventually move north. Before investing my money I also looked at the numbers. Cirrus has $7 per share cash, is relatively debt free, and has many good products in the pipeline. These things being considered I believe that Cirrus is a serious value play. As far as your reference to my "claims" of knowing Mr. Teo, I will say again that I do not believe that anything I'm saying here will somehow benefit the stock price or I would be posting every hour on the hour singing the praises of Mr. Teo. I'm simply adding my thoughts as they relate to Cirrus, and I hope that the stock goes through the roof so that we all make a ton of money, even Celeryroot.